Hybrid appraisals are a lot like full appraisals which require a physical inspection of the subject property. However, rather than the appraiser doing the inspection of the home as well as working on the research and analytics to produce the appraisal report, the inspection is completed by a different person such as a home inspector. Thus the process is split into two work streams and hence the name “bifurcated.”
While the home inspector and appraiser work independently, the home inspection report is required for the appraiser to complete the analysis and determine a value for the property. Since the appraiser often receives the inspection report as a PDF they are left to handle the manual copy of data from the inspection report into their appraisal analytics and forms. Many AMCs and software providers have been developing home inspection tools to help ease this data exchange between the inspector and the appraiser.
Profet.ai is integrated with inspection platforms to make hybrid appraisals easy
- 1004MC Inventory Analysis is automatically added to all appraisals using the neighborhood and comparable definition you use for the search.
- Flood Data and Maps and Plat Maps can be auto-generated and attached to the report.
- In certain markets, Building Sketches can also be included.